The Best E-Commerce Stock to Invest $500 In Right Now

MercadoLibre (NASDAQ: MELI) has been a great stock for patient long-term investors but has been in a slump since the company's latest earnings report. In the roughly two months since then, MercadoLibre has fallen by about 20%.While the initial decline was due to missing expectations on the bottom line and there are some legitimate profitability concerns, this could be an excellent time for long-term investors to buy shares. Not only are MercadoLibre's core business growing at a rapid pace, but there are also some big future catalysts that could multiply revenue several times in the years ahead.One thing that's important to mention is that MercadoLibre's share price is in the $1,700 range, so you'll need to use a broker that offers fractional share investing to buy $500 worth of its stock. But it can be a great way to put your money to work.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool